Average gross monthly earnings of employees in Cyprus grew by 3.6 year-on-year to EUR 2,341 in the fourth quarter of 2021, the steepest increase since Q2 of 2018, following an upwardly revised expansion of 2 percent in the previous quarter. Wages for male employees rose by 3.4 percent on the year to EUR 2,489, while those for female employees increased by 3.8 percent to EUR 2,157. Compared to the previous quarter, seasonally adjusted wages rose by 1.1 percent. source: Statistical Service of the Republic of Cyprus
Wage Growth in Cyprus averaged 1.84 percent from 2004 until 2021, reaching an all time high of 7.10 percent in the third quarter of 2008 and a record low of -3.40 percent in the fourth quarter of 2013. This page provides - Cyprus Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Wage Growth in Cyprus is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Wage Growth is projected to trend around 2.00 percent in 2023, according to our econometric models.